The devil is in the mortgage finance reform details

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

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Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros
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Servicing / The Ticker

Homeowner advocates target Demarco in Obama's first 100 days

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For the last few years, Ed DeMarco, head of the FHFA, has obstinately and ideologically opposed principal reduction/correction — resetting mortgages to fair market value — even though it’s been documented by FHFA, Fannie and Freddie themselves that this would be a good policy for homeowners and taxpayers. Principal reduction is the bold and fair policy we need at Fannie, Freddie and through the banks to fix the housing crisis, rebuild our communities, create jobs, and reset the economy.
 



Source: The Hill
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